Short Interest in Bit Origin Ltd (NASDAQ:BTOG) Increases By 27.2%

Bit Origin Ltd (NASDAQ:BTOG) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 49,600 shares, a growth of 27.2% from the January 31st total of 39,000 shares. Based on an average daily trading volume, of 883,300 shares, the short-interest ratio is presently 0.1 days. Currently, 0.6% of the company’s stock are sold short.

Hedge Funds Weigh In On Bit Origin

A hedge fund recently bought a new stake in Bit Origin stock. XTX Topco Ltd acquired a new position in Bit Origin Ltd (NASDAQ:BTOG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,749 shares of the company’s stock, valued at approximately $26,000. XTX Topco Ltd owned approximately 0.16% of Bit Origin as of its most recent SEC filing. 1.07% of the stock is owned by hedge funds and other institutional investors.

Bit Origin Price Performance

Shares of NASDAQ:BTOG traded up $0.01 during mid-day trading on Wednesday, reaching $0.36. 14,610,362 shares of the stock were exchanged, compared to its average volume of 2,180,173. The stock’s 50 day simple moving average is $0.61 and its 200-day simple moving average is $1.38. Bit Origin has a one year low of $0.16 and a one year high of $6.04. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 3.61.

Bit Origin Company Profile

Bit Origin Ltd, through its subsidiaries, engages in the cryptocurrency mining business in the United States. It is also involved in deploying blockchain technologies. The company was formerly known as China Xiangtai Food Co, Ltd. and changed its name to Bit Origin Ltd in April 2022. Bit Origin Ltd was incorporated in 2018 and is based in Singapore, Singapore.